Contact Us

Price of Oil Rises on Europe Plan, US Jobs Data

A general view of the oil refinery in Grandpuits
Julien M. Hekimian/Getty Images

The price of oil rose above $97 a barrel on Thursday after the European Central Bank delivered new measures to help ease Europe’s debt crisis.

Benchmark crude rose $1.83 to $97.19 a barrel in New York. In London, Brent crude gained $1.53 at $114.62 on the ICE Futures exchange.

The ECB’s move could also boost Europe’s struggling economy and boost demand for oil. Expectations for ECB action have been high since the bank’s president, Mario Draghi, said in July that the bank will do whatever it takes to save the euro currency. The price of oil has risen more than 20 percent since late June.

Positive news about the U.S. jobs market also boosted oil. Reports showed more private-sector hiring and fewer unemployment claims.

More Local News

More State, US & World News

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://ksoo.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KSOO-AM 1140 - Live, Local and Breaking News from Sioux Falls, South Dakota quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on KSOO-AM 1140 - Live, Local and Breaking News from Sioux Falls, South Dakota quickly by logging in with your Facebook account. It's just as secure, and no password to remember!